Neighborhood Healthsource
Nonprofit profile at a glance
- EIN
- 411235064
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Minneapolis, MN, USA
- Phone
- 6125889411
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $9,181,965
- Expenses
- $10,361,550
- Assets
- $7,183,986
- Liabilities
- $1,431,720
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- STEVE KNUTSON (EXECUTIVE DIRECTOR)
Highest reported compensation
- STEVE KNUTSON (EXECUTIVE DIRECTOR): $271,281 total reported compensation
- MARK VINT (PHYSICIAN): $234,379 total reported compensation
- ROBIN BRESETTE (PHYSICIAN): $233,946 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
It is the mission of neighborhood healthsource to improve the health of our communities by providing quality health care services that are affordable and accessible, while advancing health equity for all.
What it reported doing in 2024
Primary medical care: the scope of our primary medical services is focused on maintaining access to comprehensive primary and preventive healthcare in order to improve the health status of underserved and vulnerable populations. The primary service area is north and northeast minneapolis with nw hennepin county and southern anoka county as secondary service areas. The target population includes low-income communities, both uninsured and those on medicaid. Services were provided at four freestanding clinics: fremont clinic in north minneapolis, central avenue clinic and sheridan clinic in northeast minneapolis and north metro clinic in coon rapids. We provide on-site services include primary care, disease and cancer prevention, reproductive and sexual health education, ob/gyn, chronic disease, interpreting, and assistance with health care plan enrollment. We provide referrals and care coordination for dental, mental health and substance abuse, hospital, and specialty services through partnerships with other community organizations. Nhs provides a variety of community health services in support of primary care activities including health education, chronic disease prevention, cancer prevention, and reproductive health services. Physicians, nurse practitioners, physician assistants, certified nurse-midwives, clinical and administrative support staff provide nhs services.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 84
- Accountability: 100
- Sustainability: 20
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.4%; rating input score 85
- Program expense ratio: 75.7%; rating input score 76
- Fundraising efficiency: $47.83 raised per $1 spent on fundraising; rating input score 78; 78th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -12.8%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 0.69; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 0.2; rating input score 44; 44th percentile among comparable filings
- Officer compensation ratio: 13.1%; rating input score 22; 22nd percentile among comparable filings
Growth
- Program expense growth: 5.6% per year; rating input score 100; 43rd percentile among comparable filings
- Revenue growth: 4.6% per year; rating input score 100; 39th percentile among comparable filings
- Asset growth: 7.6% per year; rating input score 100; 48th percentile among comparable filings
Details
- Where the money goes: 85.4% of revenue deployed · 75.7% of spending went to programs
- Governance: 7 of 7 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $7.8M in reported program spending
- Leadership: top reported pay $271K · 16 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $394K reported
- Consistency: 36 of 36 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 11/100.
- High — Sustainability: Total-asset coverage ratio scored 25/100.
- High — Sustainability: Officer compensation ratio scored 22/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 44/100.